Thrift, or frugality, refers to the practice of using resources wisely and avoiding waste. It involves making careful choices about spending and saving money, often prioritizing needs over wants. Thrift can lead to financial stability and help individuals achieve their long-term goals. People who embrace thrift often seek out discounts, buy second-hand items, or create budgets to manage their finances. This mindset can also extend to other resources, such as time and energy, promoting a more sustainable lifestyle. Overall, thrift encourages mindful consumption and responsible financial habits.